Comments on: How moral hazard works http://cafehayek.com/2009/10/how-moral-hazard-works.html where orders emerge Mon, 16 Jan 2012 02:06:33 +0000 hourly 1 http://wordpress.org/?v= By: mesaeconoguy http://cafehayek.com/2009/10/how-moral-hazard-works.html/comment-page-1#comment-185259 mesaeconoguy Sat, 10 Oct 2009 03:02:00 +0000 http://cafehayek.com/?p=6773#comment-185259 George is actually arguing both (see previous comments). He is suggesting that things were out of control before the Depression, which caused it (post hoc ergo propter hoc), and then says thanx to FDR and regulation, lenders of last resort, etc., things got better, except for moral hazard, which doesn’t really matter, except that we’re talking about moral hazard, which is what made our current situation worse, and we’re talking about moral hazard. Other than that, his logic is spot-on. George is actually arguing both (see previous comments).

He is suggesting that things were out of control before the Depression, which caused it (post hoc ergo propter hoc), and then says thanx to FDR and regulation, lenders of last resort, etc., things got better, except for moral hazard, which doesn’t really matter, except that we’re talking about moral hazard, which is what made our current situation worse, and we’re talking about moral hazard.

Other than that, his logic is spot-on.

]]> By: mesaeconoguy http://cafehayek.com/2009/10/how-moral-hazard-works.html/comment-page-1#comment-185258 mesaeconoguy Sat, 10 Oct 2009 03:02:00 +0000 http://cafehayek.com/?p=6773#comment-185258 George is actually arguing both (see previous comments). He is suggesting that things were out of control before the Depression, which caused it (post hoc ergo propter hoc), and then says thanx to FDR and regulation, lenders of last resort, etc., things got better, except for moral hazard, which doesn’t really matter, except that we’re talking about moral hazard, which is what made our current situation worse, and we’re talking about moral hazard. Other than that, his logic is spot-on. George is actually arguing both (see previous comments).

He is suggesting that things were out of control before the Depression, which caused it (post hoc ergo propter hoc), and then says thanx to FDR and regulation, lenders of last resort, etc., things got better, except for moral hazard, which doesn’t really matter, except that we’re talking about moral hazard, which is what made our current situation worse, and we’re talking about moral hazard.

Other than that, his logic is spot-on.

]]> By: Sam Grove http://cafehayek.com/2009/10/how-moral-hazard-works.html/comment-page-1#comment-185254 Sam Grove Sat, 10 Oct 2009 02:34:00 +0000 http://cafehayek.com/?p=6773#comment-185254 George is suggesting that there was less moral hazard back when there were fewer regulations and government was smaller and less powerful. George is suggesting that there was less moral hazard back when there were fewer regulations and government was smaller and less powerful.

]]> By: Sam Grove http://cafehayek.com/2009/10/how-moral-hazard-works.html/comment-page-1#comment-185253 Sam Grove Sat, 10 Oct 2009 02:34:00 +0000 http://cafehayek.com/?p=6773#comment-185253 George is suggesting that there was less moral hazard back when there were fewer regulations and government was smaller and less powerful. George is suggesting that there was less moral hazard back when there were fewer regulations and government was smaller and less powerful.

]]> By: mesaeconoguy http://cafehayek.com/2009/10/how-moral-hazard-works.html/comment-page-1#comment-185244 mesaeconoguy Sat, 10 Oct 2009 00:31:00 +0000 http://cafehayek.com/?p=6773#comment-185244 The SEC didn’t exist leading up to the 1929 crash (1933 & 1934 Acts), and there was far less moral hazard. And the Depression was extended by these very interventionist moves purporting to “solve” the problem. The SEC didn’t exist leading up to the 1929 crash (1933 & 1934 Acts), and there was far less moral hazard. And the Depression was extended by these very interventionist moves purporting to “solve” the problem.

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